PEPE Price Drops 23%, but Metrics Hint at Potential Reversal

PEPE 价格下跌 23%，但指标暗示潜在逆转

The crypto market has faced a downturn, with many coins falling below crucial levels. Pepe (PEPE) was among the affected, experiencing a 23% price decline after retesting a resistance level of $0.00001240.

加密货币市场面临低迷，许多代币跌破关键水平。 Pepe (PEPE) 受到影响，在重新测试 0.00001240 美元的阻力位后，价格下跌了 23%。

The price currently sits near a support level at approximately $0.000010652, a critical area as it had previously served as a strong resistance zone. This level now acts as a moving average support level, potentially providing a firm foundation for price reversals.

目前价格位于约 0.000010652 美元的支撑位附近，这是一个关键区域，因为它之前曾是强阻力区域。该水平现在充当移动平均支撑位，可能为价格反转提供坚实的基础。

Technical Indicators Suggest Oversold Conditions

技术指标显示超卖状况

The stochastic RSI indicates that PEPE is oversold, implying the potential for a price reversal.

随机 RSI 表明 PEPE 超卖，意味着价格可能逆转。

Whale Activity and Stablecoin Supply

鲸鱼活动和稳定币供应

Whales play a significant role in the market. Santiment's data reveals that whale investors now hold 52% of the stable supply, giving them substantial influence over price trends. This increase in stablecoin holdings correlates with increased buying power, possibly creating a potential support level.

鲸鱼在市场中发挥着重要作用。 Santiment 的数据显示，鲸鱼投资者目前持有 52% 的稳定供应，这使他们对价格趋势具有重大影响力。稳定币持有量的增加与购买力的增加相关，可能会形成潜在的支撑位。

Moreover, the whale transaction count for PEPE has risen, indicating active involvement from investors and a positive sentiment for a price reversal.

此外，PEPE 的鲸鱼交易数量有所增加，表明投资者的积极参与以及对价格反转的积极情绪。

Liquidation Surge and Long Short Ratio

爆仓激增和多空比率

Coinglass data shows a surge in PEPE's total liquidations, reflecting volatility in the market. Short and long liquidations have both spiked since February, suggesting market speculation and fluctuating sentiments.

Coinglass 数据显示 PEPE 清算总量激增，反映出市场波动。自二月份以来，空头和多头清算均大幅增加，表明市场投机和情绪波动。

Long liquidations in early March coincided with PEPE's price drop, indicating potential bearish corrections on the horizon.

3 月初的多头清算与 PEPE 价格下跌同时发生，表明潜在的看跌修正即将到来。

The long short ratio from Coinglass has exhibited recent spikes, implying that long positions are outweighing short positions. This could intensify bullish pressure and contribute to a price shift.

Coinglass 的多空比率近期出现飙升，这意味着多头头寸超过空头头寸。这可能会加剧看涨压力并导致价格转变。

Conclusion

结论

Despite the current market volatility and significant liquidations, PEPE has underlying support from major investors, as evidenced by whale activity and stablecoin supply percentages.

尽管当前市场波动和大量清算，PEPE 仍然得到了主要投资者的基本支持，鲸鱼活动和稳定币供应百分比就证明了这一点。

Metrics suggest a crucial support level for a potential price reversal. If PEPE can maintain its support, the price could surge. However, a break below support could result in further price declines.

指标表明潜在价格逆转的关键支撑位。如果PEPE能够维持其支撑位，价格可能会飙升。然而，跌破支撑位可能会导致价格进一步下跌。